J. Goldman & Co LP Purchases 195,943 Shares of Toast, Inc. (NYSE:TOST)

J. Goldman & Co LP lifted its holdings in Toast, Inc. (NYSE:TOST) by 1,469.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,276 shares of the company’s stock after purchasing an additional 195,943 shares during the period. J. Goldman & Co LP’s holdings in Toast were worth $7,628,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TOST. Blue Trust Inc. increased its position in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In other news, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares of the company’s stock, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Deval L. Patrick sold 34,222 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares of the company’s stock, valued at approximately $437,712.60. This represents a 72.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 335,991 shares of company stock valued at $11,614,520. 13.32% of the stock is currently owned by company insiders.

Toast Price Performance

Shares of NYSE:TOST opened at $40.85 on Friday. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of -4,080.92, a P/E/G ratio of 2.16 and a beta of 1.98. The company has a 50 day moving average of $34.56 and a 200-day moving average of $36.86. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12.

Toast (NYSE:TOST) last released its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Equities research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TOST shares. Royal Bank of Canada upped their price objective on shares of Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Wolfe Research raised Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Wednesday, April 23rd. Piper Sandler raised their price objective on Toast from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Finally, Robert W. Baird raised their target price on Toast from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.91.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.